Ethereum price is showing positive signs above the $2,850 support level. ETH is looking for further gains and may surge towards the $3,000 resistance zone. Ethereum is slowly rising above the $2,800 support zone. The price is trading above $2,850 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bullish trendline forming around support at $2,910. The pair may continue to rise towards the $3,000 resistance zone. Ethereum price remains supported Ethereum price remained at a healthy level and slowly rose above the $2,850 level. ETH broke through the $2,920 resistance…
Author: Crypto Flexs
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Unleashing the potential of stablecoinsY Combinator, a leading Silicon Valley incubator, has identified stablecoins as a pivotal sector for innovation. Highlighting its potential as a cost-effective cross-border payment solution, the incubator believes stablecoins could revolutionize traditional finance, similar to the evolution of digital music from file sharing to mainstream platforms like Spotify.In addition to stablecoins, Y Combinator sees tremendous potential in metaverse, augmented reality (AR), and virtual reality (VR) technologies beyond gaming. With advancements like Apple’s Vision Pro and Meta Quest 3, the company expects to pioneer software solutions that solve the problems startups need to improve user experiences and…
Posted 1 minute ago In ~ The UK government is “pushing very hard” to enact new regulations for stablecoins and cryptocurrency staking services within the next six months, UK Treasury Economic Secretary Bim Afolami told Coinbase on Monday, according to Bloomberg. He spoke at an event hosted by .The official said the government would “get these things done as quickly as possible” over the next six months, Bloomberg reported. reported. The UK has not yet set a date for the next general election, but it is legally scheduled to be held in January 2025.Apolami’s comments followed comments from the Treasury…
One cryptocurrency trader who closely follows believes that Ethereum (ETH) and altcoins will steal Bitcoin (BTC)’s thunder. In a new video update, cryptocurrency strategist Michaël van de Poppe told his 162,000 YouTube subscribers that he believes it’s almost time for Ethereum to shine. The analyst cites Ethereum’s Dencun update, which aims to lower fees for layer 2 transactions, and the hype surrounding the possible approval of a spot ETH exchange-traded fund (ETF) as positive catalysts for the leading smart contract platform. “I think the momentum will shift towards Ethereum. It is important to understand upcoming macroeconomic events. Given that inflation…
Dogecoin is showing bullish signs above the $0.0875 area against the US dollar. DOGE may extend its uptrend towards $0.100 resistance in the near term. DOGE is showing positive signs above the $0.0875 area against the US dollar. The price is trading above the $0.0880 level and the 100 simple moving average (4-hours). On the 4-hours chart of the DOGE/USD pair, a breakout occurred above the main contraction triangle with resistance at $0.0842 (data source from Kraken). The price may extend the rally above the $0.090 and $0.092 resistance levels. Dogecoin Price Aims Higher In the last few sessions, Dogecoin…
Bitcoin and Ethereum led the cryptocurrencies in liquidation, with over 54,000 traders liquidating their leveraged positions and the total market capitalization approaching $2.1 trillion. CoinGlass reported that more than $145 million was liquidated from cryptocurrency markets in 24 hours across exchanges. Of these trades, $91 million were registered as short positions, as most traders expected lower prices. However, the overall cryptocurrency market cap rose 1.2%, per CoinGecko, paying off the downside bet. A $4 million Bitcoin (BTC) position on the USDT pairing recorded the largest single liquidation order. The transaction took place on Binance, the largest cryptocurrency exchange. Additionally, traders…
Ethereum has risen above the $2,900 level over the past day, but data suggests the futures market may be starting to overheat. Ethereum has now breached the $2,900 level. While Bitcoin has been in a generally flat decline recently, Ethereum appears to have decided to choose its own path. That’s because the sector’s second-largest asset has surged nearly 4% in the last 24 hours. The jump saw Ethereum hit $2,900 for the first time since early May 2022. The chart below shows the coin’s performance over the past few days. The price of the asset appears to have shot up…
In anticipation of increased retail demand for on-chain tokenized gold, Kinka Gold has begun issuing the first wave of $XNK, a gold-backed ERC-20 token. The token has been made tradable on CoinW for the first time, with traders able to trade the gold-pegged token starting February 19 at 10:00 AM (UTC). The price of each $XNK token is directly pegged to the price of gold, with 1 $XNK equivalent to 1 troy ounce of gold that meets LBMA standards. The gold is premium gold with a purity of 99.9% and is issued by a subsidiary of Daiichi Commodities, a Japanese…
Worldcoin, a digital identity token ERC-20 The Ethereum (ETH) blockchain project has received great attention. basic token, worldIt is the best performing cryptocurrency among the top 100 cryptocurrencies by market capitalization. The token experienced an incredible 31% increase. uptrend It has skyrocketed in just 24 hours and has surged a whopping 217% in the last 14 days. This surge not only marks a new all-time high for WLD, but also has positive implications for Alameda Research, the trading arm of the now-bankrupt FTX exchange that holds a significant stake in Worldcoin. Alameda Research’s Worldcoin stake reaches $186 million According to…
Rollup platform AltLayer has raised $14.4 million in a strategic funding round co-led by Polychain Capital and Hack VC.OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG and TRGC also participated in the round, which closed in September 2023, according to a statement released today. According to the statement, the new capital will be used to expand the AltLayer team and further develop its rollup infrastructure. AltLayer did not disclose its valuation.The raise comes after AltLayer launched its native token last month and rewarded users who staked Celestia and EigenLayer, AltLayer’s NFT holders and community campaign participants.…